ICM Research Lab ⚗️

Unlock ICM potential, align with founder's vision, expand from APAC to global markets

發掘ICM潛力項目，連繫創始人願景，拓展亞洲至全球市場

9gzJG5vvs1ZFrhzr5u4LngoDTSTFqDHw5sfjNYzHjBLV

[ICM Research Lab ⚗️ @ICMdotLab]

雖然市場上已經沒人關注ICM了，市場上的流動性也到了冰點，但仍然一些項目在繼續創新和向著新的代幣標準進發

[ICM Research Lab ⚗️ @ICMdotLab]

Sometimes it is not easy to go against the popular opinion, but focus on what truly matters, which is the product is far better than spending time to chase the hype

Migrating now would mean nothing and cannot stand out from the other projects as well

Bullish on $PNTH

[ICM Research Lab ⚗️ @ICMdotLab]

@WonderSitesCo 最近也有新進展了，未來會不會看見一些整合了 @WonderSitesCo 底層技術的Dapp呢？

[MCG中文 @MCG_zh]

我們在直播中獲得了 @WonderSitesCo 的最新進展 👇

團隊正開發一套可與 Privy 競爭的 Web3 身份驗證系統。

作為對比：
• Privy：$200 / 2,500 位用戶
• $WONDER Auth：僅 $5 / 5,000 位用戶 💥

超高性價比，顛覆市場定價。

[ICM Research Lab ⚗️ @ICMdotLab]

@MCG_zh 最近有一條關於 $VIVA 的中文影片，連聲音的中文翻譯也有了，大家感興趣的可以留意一下

[MCG中文 @MCG_zh]

加密圈還沒真正意識到 $VIVA 的規模。

@vivabo 宣布已從 Believe 完成遷移，並正快速擴張至 拉美、非洲、歐洲與亞洲，將其 Web3 模組 開放給超過 300 萬活躍用戶的超級應用生態。 🌍

整個 VIVA 生態 建立在一個 廣告科技引擎（Ad-Tech Engine） 之上，年營收潛力可達數十億美元，其中部分收益將用於 $VIVA 回購（Buybacks）。

🚀 $VIVA 持有者的黃金時代，即將到來。

[ICM Research Lab ⚗️ @ICMdotLab]

想了解ICM 的朋友們可以看看這篇文章～

[Monsterblockhk 最速媒體 @monsterblockhk]

https://t.co/JHmO9MuT0k

[ICM Research Lab ⚗️ @ICMdotLab]

Thanks @mcglive for the stream and bringing more transparency to the whole ICM meta.

[MCG @MCGlive]

Shoutout to MCG Chinese community @MCG_zh for coming up with great questions for our @believeapp stream today at 3PM EST today with @stigstigstig_ and @ghoshal.

Special shoutout to @ICMdotLab for consolidating community questions, we will address with the $BELIEVE team.

If you have questions, please drop them in the replies 👇

[ICM Research Lab ⚗️ @ICMdotLab]

不知道 @stigstigstig_ 作為 @believeapp 團隊中的一員會就最近的事情作出怎樣的回應

[MCG中文 @MCG_zh]

📢 更新通知

@believeapp 的 @stigstigstig_ 將於 今晚（11 月 4 日，週二，香港時間凌晨 3:00）
加入 MCG 節目！

同場嘉賓還有 @dupe_solana 的 @ghoshal，
時間從原定的 凌晨12:00 調整至 凌晨3:00。

💬 想提問嗎？
請在貼文下方留言或私訊 MCG，
你的問題將在直播中由主持人親自提出！
💠 $DUPE $BELIEVE

[ICM Research Lab ⚗️ @ICMdotLab]

A nice thread about @dupe_solana

[R48.eth @r48_eth]

The most underrated buyback in the space: $DUPE.

> The average undervaluation compared to each project in the table is x80.
> $DUPE uses a hybrid buyback model fueled by app earnings + trading fees.
> Four upcoming catalysts will increase orderbook pressure and amplify the buyback effect to full capacity.
> Who’s the marginal buyer of $DUPE over the next four months?
> On-chain thesis for the next 12 months

Buybacks as a concept began with @GMX_IO back in 2023. The core idea was to create value for the token through the profits generated by the underlying product or protocol.

From a practical standpoint, however, buybacks lose their meaning if a token faces strong future selling pressure. That’s why they’ve often turned into a manipulation tool for projects that allocate a large share of tokens to themselves and early investors.

Technically, yes — purchases occur on the market, but the price barely moves. Why? Because the token launch happens at a preset valuation that doesn’t reflect real demand.

This leaves plenty of room for manipulation — teams and investors hedge their locked tokens or sell them OTC, neutralizing any buyback impact.

This thesis is so obvious it barely needs proof. Just take a look at $ZK, $ETHFI, $IO, $2Z, $LINEA... The issue isn’t what they’re building, there’s simply no demand, and therefore, no marginal buyer.

Since this trend clearly isn’t slowing down (https://t.co/YocEJRjFXu), I’m positioning against altcoins with broad VC backing.
At the same time, an entirely new type of on-chain market is emerging where teams develop their tokens in sync with real product success. One of the strongest examples, in my view, is $DUPE.

On-chain markets represent an alternative to early-stage venture investing where everyone has equal access to capital inflows and attention both traders and builders. It’s like an broad-open marketplace where you look for the highest-quality product at a fair price.

So what’s the magic behind $DUPE’s buybacks? Let’s break it down.

^Long-term demand accumulation.

Bobby has been executing progressive $DUPE buybacks nearly every week since the token’s launch. Here are the two wallets you need to know:

1. DwDNPuEo4Ra2vJE8xpKhQxvdELVRgfmh4sinKtyDLwfB — purchases funded by Dupe's web app (net profit)
2. 5qYYC2CNdWzEXMnuBGLMHBf1xwsnWLSy5XZft2j5Sq7u — purchases funded by fees from the Meteora pool

As you can see, all of these buybacks were made directly from the open market, and the majority were executed at the current price — with no hidden transactions or early OTC deals.

Bobby began buying precisely when interest in ICM started to fade, and most importantly — these buybacks were made from real, organic product profits.

The closest parallel here is HyperLiquid. They launched a token on top of a successful product and immediately began repurchasing it.
A similar pattern can be seen with $DUPE:

+ A proven product with real traction
+ Targeted at both web2 and web3 users
+ A broad user base and top-tier monetization engine

Yet despite this, $DUPE is x664 cheaper than $HYPE.
And if you argue they’re in “different categories” you missed the point of this post.

Seeing the clear migration trend of CEXs moving on-chain, it’s fair to say that — under the right market conditions the next x1000 opportunity will emerge exactly here (just like $HYPE once did).

I’m convinced that most current altcoins will remain tied to FED policy, and until we see an aggressive QE cycle if it even happens — they’ll keep disappointing holders and drifting lower.

^Who is the marginal buyer of $DUPE over the next four months?

I keep coming back to this question — and I have a few answers. $DUPE captures several verticals that the market still hasn’t priced in:

+ Perfect alignment with the AI commerce narrative
+ The largest web2 user base transferring value into web3 (this is where the next x1000 will emerge)
+ Data-driven accumulation and visible catalysts are already attracting liquid on-chain funds that are beginning to form positions

And of course, we can’t ignore the upcoming catalysts: MCP / API integration + Mobile App + Payments + Expanding marketing efforts.

Yo fam, what do we think about it? @dupe_solana @ghoshal

[ICM Research Lab ⚗️ @ICMdotLab]

We strongly encourage more transparency on @believeapp and the whole ICM meta, and thanks @pnth_app for providing data to make the ICM space more transparent

[ICM Research Lab ⚗️ @ICMdotLab]

The chart looks absolutely ugly, yes

However, the fact is more than 85 SOL (~16K) is injected into the chart daily with the most bearish sentiment

Simply because you hate the founder and the project does not mean it's right to distort the fact

https://t.co/b6CUckgeXG

[scooter @imperooterxbt]

Believe flywheel is currently live and if you look closely you can see how the $600 in revenue a day is being injected n into the chart

[ICM Research Lab ⚗️ @ICMdotLab]

When @pnth_app adds this real-time flywheel tracking page for @believeapp, things will be much clearer

Hope it can add more transparency to @believeapp and glad to see @pnth_app is always shipping

[ICM Research Lab ⚗️ @ICMdotLab]

@dreamer_deku @aritectum ⚗️

[Agok @Agok_AI]

See you there for an AMA session tomorrow!

I will share a few insights about the upcoming updates.

[ICM Research Lab ⚗️ @ICMdotLab]

@Agok_AI ICM 項目 AMA
Speak soon!
https://t.co/PcgDBJYoV6

[ICM Research Lab ⚗️ @ICMdotLab]

@Agok_AI ICM 項目 AMA
Speak soon!
https://t.co/PcgDBJYoV6

[ICM Research Lab ⚗️ @ICMdotLab]

@vernusone and now we can see @vernusone efforts in UI revamping, working on x402 integration (since Septermber!) and some video demo coming soon

Maybe a small project for now but we reckon the ICM core concept should be about backing up every dedicated founder to solve a real problem

[ICM Research Lab ⚗️ @ICMdotLab]

Recently @vernusone market cap shot up to 200K (~7x from bottom), now sitting at 107K

Back in early October we had our first AMA with @zcserei

Both of us were young in the ICM space, and what we saw was an enthusiastic founder, whose project was sitting at 40k ish market cap

[ICM Research Lab ⚗️ @ICMdotLab]

AMA with @zcserei - founder @vernusone (2nd session) https://t.co/fjm14fXJUJ

[ICM Research Lab ⚗️ @ICMdotLab]

Despite not much feedback, he still insisted on building @vernusone, trying every way he could to raise awareness

World is tough, but he still kept trying and trying. And we should have a space to let dedicated founders voiced out so our team set up an interview with him

[ICM Research Lab ⚗️ @ICMdotLab]

随着商务日益由 AI 调解，Dupe 正在构建基础设施，让机器和人类为地球上的一切找到最佳价格。
$DUPE。

[ICM Research Lab ⚗️ @ICMdotLab]

@dupe_solana 的飞轮将会为电商带来重大革新，和将AI、WEB3真正融入到现实世界我们日常生活会用到的产品中

Dupe 的飞轮详解

更好优惠 (A) → 当用户发现超值优惠时，他们会分享（目前每 1000 个发现的优惠约 45 次分享，正在添加更多工具以提升这一比例）——从而创造不断增长的代币布道者基础。

[Dupe.com @dupeapp]

Introducing the $Dupe flywheel: 18 million shoppers, indexed hundreds of millions of products, >$75 million in GMV with an average 6% conversion rate — nearly 2x the industry norm.

It's a new age for AI commerce 👇
https://t.co/Jglj9xXtbX

[ICM Research Lab ⚗️ @ICMdotLab]

这一系统设计让每个循环强化其他循环：更好优惠带来更多购物者，更多购物者吸引更多合作伙伴，更多合作伙伴创造更好市场，从而产生不断增长的经济活动。

当完全整合时，这一飞轮将成为电子商务中的首创。
购物者节省更多，合作伙伴销售更多，每个参与者都在他们帮助增长的系统中获得股份。